[ANN] [LTC] [PPS] [OTP 2FA] [Stratum only] LTCMine PPS mining pool (3.3%) - page 30.

beanhead

newbie

Activity: 44

Merit: 0

Balthazar,

Please zero the balance of 10.63785359 ltc on my account. I know it's not a huge amount but I hope it helps ease the burden you must be feeling just a little bit.

I will return to mining at your pool once you have things back up and running.

Regards,

Beanhead.

Strophon

newbie

Activity: 21

Merit: 0

Quote from: butjust41day on July 03, 2013, 03:07:36 PM

Quote from: Balthazar on July 03, 2013, 01:58:08 PM

joeperry
The problem is that pool needs reserves to work. If I'll send this coins to users, pool will be unable to handle rewards correctly because of variance, orphans and payments for immature blocks. It's a suicide as is.

So, it's a dilemma: send 1/3 now and nothing more ever, or send limited amount and handle this balances by another way. As a shelved rewards, for example, get 0.5-1 LTC from each block to pay this rewards.

Balthazar it is only a dilemma because of your code of ethics. You are looking for ways to accept complete responsibility for what happened and as a result want to pay everyone everything.

Anyone here who has ever written a line of code in their lives understands what happened and has made similar mistakes. I remember making a modification at a customers plant and shutting the entire line down for 8 minutes. Eight minutes might not sound like much; but, it, represented multiple thousands of dollars. My customer forgave me and was actually glad that I recognized the error so quickly. It turned out that a similar incident several years earlier had shut them down for an entire shift. We are human and shit happens.

Any solution is good enough for me. I don't feel you owe me anything. I do want to continue mining at your pool.

This. I'm very happy with the pool I switched to after this mess occurred, but I'd rather be on ltcmine.ru.

soulmann

full member

Activity: 221

Merit: 100

I have rejects lower then 1% with this pool. I hope everything will be alright. So we just have to help a little.

z0rr0

sr. member

Activity: 303

Merit: 250

Just compare, how transparent Balthazar's actions in relation to what notroll's admin did...and where is now notroll, hope ltcmine.ru will recover from this disaster.
Best wishes.

kronut

member

Activity: 86

Merit: 10

Second option is the best in my opinion, we can also continue mining and contribute to building up pool reserves.

I'd rather have our outstanding balances be paid over a few months, than to lose everything. Especially since mine is 81 LTC, I would rather recover as much as possible and keep the pool up and running.

The correct thing is for people to be honest and return the funds they stole from the pool, but we all know that will not happen.

butjust41day

full member

Activity: 131

Merit: 100

Quote from: Balthazar on July 03, 2013, 01:58:08 PM

joeperry
The problem is that pool needs reserves to work. If I'll send this coins to users, pool will be unable to handle rewards correctly because of variance, orphans and payments for immature blocks. It's a suicide as is.

So, it's a dilemma: send 1/3 now and nothing more ever, or send limited amount and handle this balances by another way. As a shelved rewards, for example, get 0.5-1 LTC from each block to pay this rewards.

Balthazar it is only a dilemma because of your code of ethics. You are looking for ways to accept complete responsibility for what happened and as a result want to pay everyone everything.

Anyone here who has ever written a line of code in their lives understands what happened and has made similar mistakes. I remember making a modification at a customers plant and shutting the entire line down for 8 minutes. Eight minutes might not sound like much; but, it, represented multiple thousands of dollars. My customer forgave me and was actually glad that I recognized the error so quickly. It turned out that a similar incident several years earlier had shut them down for an entire shift. We are human and shit happens.

Any solution is good enough for me. I don't feel you owe me anything. I do want to continue mining at your pool.

Avtobio

newbie

Activity: 7

Merit: 0

"send limited amount and handle this balances by another way" It's better than just get a 1/3. I think lot of peope will agree with it.

joeperry

sr. member

Activity: 2296

Merit: 470

Telegram: @jperryC

Quote from: Balthazar on July 03, 2013, 01:58:08 PM

joeperry
The problem is that pool needs reserves to work. If I'll send this coins to users, pool will be unable to handle rewards correctly because of variance, orphans and payments for immature blocks. It's a suicide as is.

So, it's a dilemma: send 1/3 now and nothing more ever, or send limited amount and handle this balances by another way. As a shelved rewards, for example, get 0.5-1 LTC from each block to pay this rewards.

Maybe the second choice could be fine, if sending 1/3 is too high, maybe you can set an amount of maximum withdrawals of 2 LTC/Day per miner, and 0.5 LTC/day to those who dont contribute or feed the pool in some amount of shares.

Any choose would be bad, but you have to choose, many will be angry whatever decision you make.

Balthazar

legendary

Activity: 3108

Merit: 1359

joeperry
The problem is that pool needs reserves to work. If I'll send this coins to users, pool will be unable to handle rewards correctly because of variance, orphans and payments for immature blocks. It's a suicide as is.

So, it's a dilemma: send 1/3 now and nothing more ever, or send limited amount and handle this balances by another way. As a shelved rewards, for example, get 0.5-1 LTC from each block to pay this rewards.

Balthazar

legendary

Activity: 3108

Merit: 1359

Quote

1372695235.19 MapmuH_0 Y Y None 533.0
1372695485.59 sashka_0 Y Y None 468.0
1372701740.9 npoBokaTop_8 Y Y None 437.0
1372704795.87 MGTN_0 Y Y None 334.0
1372720044.12 npoBokaTop_8 Y Y None 256.0
1372743905.85 SERG1k_0 Y Y None 1194.0
1372745666.39 MGTN_5 Y Y None 468.0
1372760993.47 Kole_1 Y Y None 256.0
1372772822.42 GansQ_2 Y Y None 332.0
1372783170.7 thefirstnutzo_1 Y Y None 256.0
1372792907.87 pavimus_2 Y Y None 427.0
1372800504.09 Alekcv_11 Y Y None 803.0
1372802981.01 msky_0 Y Y None 256.0
1372807771.19 PaulBorodin_6 Y Y None 817.0
1372819802.99 thefirstnutzo_1 Y Y None 256.0
1372825072.93 nvatok_0 Y Y None 464.0
1372832222.3 shyliar_4 Y Y None 533.0
1372832564.68 MGTN_4 Y Y None 458.0
1372834699.73 basilisk_1 Y Y None 595.0

Shares list (RAW data in gzipped TSV format, without IPs): http://ltcmine.ru/stats/03072013/shares_noip.tsv.gz
Round shares list (data in gzipped TSV format,): http://ltcmine.ru/stats/03072013/shares_by_rounds.tsv.gz
User work and rewards (data in TSV format): http://ltcmine.ru/stats/03072013/users_work.tsv

Total diff-1 approximated work (D1A): 794666626
PPS rate: 0.00000087 LTC
Total PPS work: 691.36 LTC
Mined funds: 950 LTC

Sendmany array: http://ltcmine.ru/stats/03072013/sendmany.json
Transactions list: http://ltcmine.ru/stats/03072013/transactions.json

If you can't understand what's this, read this post: https://bitcointalksearch.org/topic/m.2628221

ZPK

legendary

Activity: 1302

Merit: 1021

Quote from: Balthazar on July 03, 2013, 08:56:42 AM

It's not funny and answer to this questions is obvious for all, unfortunately.

There are two options:

1) Pay all frozen balances proportionally from available funds (1770 returned coins + my reserves), then close pool and forget or remember this;
2) Try to cover a part of frozen balances using fees, withdrawal limits and (possible) luck. This could take some time, but the final value will be higher than 1/3.

But anyway, it's almost impossible to pay all balances in full amount. For the reasonable time, at least. We simply don't have enough coins for such suicide action, and nothing could help us with that. You can see numbers on your balances, but again, the real funds volume is approximately 3 times lower than balances sum. Try to understand this before asking such questions, please.

I'm sorry for saying this words and it would be nice to say something different, but you are all deserve to know the truth before making any decision.

I choose Second options, and i think needs to add 1-2% fees+donate+luck+comissions to fund victims. That fund should be go to pay other full frozen payment.

Tomcat_mkii

member

Activity: 74

Merit: 10

Quote from: joeperry on July 03, 2013, 11:04:51 AM

If you pay at least 1/3 of our credits, I promise to join again to ltcmine.ru (II), my hash power is low (only 1.4 Mhash/s), but I´ll increase if ROI soon, I´ll join even if you raise your fees to 5%, after that I think you can plan another paymen for next month or so. The raise in the fees could help to pay all the credits sooner.

Like me, I think too many people will do, but if you dont pay, your pools wont succeed.

But is you who have to make an appointment in the calendar and sayin this day I´ll pay 1/3 and the pool will be full functional.

I agree, this would be the best choice

joeperry

sr. member

Activity: 2296

Merit: 470

Telegram: @jperryC

Quote from: Balthazar on July 03, 2013, 08:56:42 AM

It's not funny and answer to this questions is obvious for all, unfortunately.

There are two options:

1) Pay all frozen balances proportionally from available funds (1770 returned coins + my reserves), then close pool and forget or remember this;
2) Try to cover a part of frozen balances using fees, withdrawal limits and (possible) luck. This could take some time, but the final value will be higher than 1/3.

But anyway, it's almost impossible to pay all balances in full amount. For the reasonable time, at least. We simply don't have enough coins for such suicide action, and nothing could help us with that. You can see numbers on your balances, but again, the real funds volume is approximately 3 times lower than balances sum. Try to understand this before asking such questions, please.

I'm sorry for saying this words and it would be nice to say something different, but you are all deserve to know the truth before making any decision.

Balthazar could be annoying for you these questions, but you must undestand that our money time, and energy goes here, not only you are investing life in this business.

Thanks for your answer, here in my country we say "the more clear you speak, the more friends we are", so dont get upset about our questions, I need info to make a decission.

I think that B) option is the best, by far.

If you pay at least 1/3 of our credits, I promise to join again to ltcmine.ru (II), my hash power is low (only 1.4 Mhash/s), but I´ll increase if ROI soon, I´ll join even if you raise your fees to 5%, after that I think you can plan another paymen for next month or so. The raise in the fees could help to pay all the credits sooner.

Like me, I think too many people will do, but if you dont pay, your pools wont succeed.

But is you who have to make an appointment in the calendar and sayin this day I´ll pay 1/3 and the pool will be full functional.

Best wishes.

Pmalek

legendary

Activity: 2730

Merit: 7065

I think you should be persistant in asking for donations! People are aware that this is the far most honest pool out there. It deserves to be saved! We should open a asking donations thread for the pool and I am sure that LTCs in great amounts will come in. You should also except other currences for donations! Everybody will contribute as much as they can! I wouldnt give up on the pool. The lost amount seems huge, but when people unite it is nothing that cant be done!

butjust41day

full member

Activity: 131

Merit: 100

Balthazar my frozen funds are small (only a little over 8 coins) and I would rather loose some (or all) of them then see the pool close. I tried several pools before I settled on yours. I can only empathize with what must be your disappointment in the lack of returned funds and the possible ending of your pool.

The fact is that no matter what you do here some individuals will have negative reactions. So I hope you suit yourself and do exactly what is best for you. Your hard work and dedication has been awesome.

angelkarajov

newbie

Activity: 9

Merit: 0

Second option is better for all miners.

Balthazar

legendary

Activity: 3108

Merit: 1359

It's not funny and answer to this questions is obvious for all, unfortunately.

There are two options:

1) Pay all frozen balances proportionally from available funds (1770 returned coins + my reserves), then close pool and forget or remember this;
2) Try to cover a part of frozen balances using fees, withdrawal limits and (possible) luck. This could take some time, but the final value will be higher than 1/3.

But anyway, it's almost impossible to pay all balances in full amount. For the reasonable time, at least. We simply don't have enough coins for such suicide action, and nothing could help us with that. You can see numbers on your balances, but again, the real funds volume is approximately 3 times lower than balances sum. Try to understand this before asking such questions, please.

I'm sorry for saying this words and it would be nice to say something different, but you are all deserve to know the truth before making any decision.

Tomcat_mkii

member

Activity: 74

Merit: 10

Quote from: joeperry on July 03, 2013, 05:59:27 AM

Quote from: YipYip on July 03, 2013, 04:23:05 AM

So u are mining again in some shape or form

Long story short I would like to get my 69 ltc that I mined legitimately that is sitting in my pool account

You have ~3000-4000 in returned funds and money that you have added etc

What is the timeline when i can get mt ltc ??

Balthazar, the same question, could you send a PM?

My 11 lites is much more important!! Grin

All ltcmine users asks the same question, Balthazar should automate the PM sending Roll Eyes

kllr123

newbie

Activity: 51

Merit: 0

Quote from: YipYip on July 03, 2013, 04:23:05 AM

So u are mining again in some shape or form

Long story short I would like to get my 69 ltc that I mined legitimately that is sitting in my pool account

You have ~3000-4000 in returned funds and money that you have added etc

What is the timeline when i can get mt ltc ??

Same question ^^

trid

sr. member

Activity: 425

Merit: 250

Quote from: joeperry on July 03, 2013, 05:59:27 AM

Quote from: YipYip on July 03, 2013, 04:23:05 AM

So u are mining again in some shape or form

Long story short I would like to get my 69 ltc that I mined legitimately that is sitting in my pool account

You have ~3000-4000 in returned funds and money that you have added etc

What is the timeline when i can get mt ltc ??

Balthazar, the same question, could you send a PM?

Same question, about my 56 LTC

Topic: [ANN] [LTC] [PPS] [OTP 2FA] [Stratum only] LTCMine PPS mining pool (3.3%) - page 30. (Read 227601 times)